In 50 Words: Hero MotoCorp to invest up to $66.5m in India-based EV firm

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In 50 Words: Hero MotoCorp to invest up to $66.5m in India-based EV firm

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Hero MotoCorp, a two-wheeler major, is planning a US$66.5 million investment in Indian EV startup Ather Energy, boosting its current 33.1% stake.

The investment comes as India’s Ministry of Heavy Industries reduced subsidies for electric two-wheeler makers in the country, dealing a blow to players like Ather Energy.

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